07/01/2021

Trump Organization Is Charged in 15-year Tax Scheme

The company has been accused of an 'audacious illegal payments scheme'

The Trump Organization, the real estate business that catapulted Donald J. Trump to tabloid fame, television riches and ultimately the White House, was charged Thursday with fraud and tax crimes in connection with what prosecutors said was a 15-year-long scheme to compensate a top executive off the books.

The Manhattan district attorney’s office, which has been conducting the investigation, also accused the executive, Allen H. Weisselberg, Trump’s long-serving and trusted chief financial officer, of avoiding taxes on $1.7 million in income. He faced grand larceny, tax fraud and other charges.

The charges were revealed at an arraignment in State Supreme Court in Manhattan for the Trump Organization and Weisselberg. More details about the allegations were set to be laid out in an indictment to be unsealed after the court proceeding.

Please select this link to read the complete article from The New York Times.